Akamai Technologies (NASDAQ:AKAM) Stock Price Target Cut by DA Davidson

Akamai Technologies (NASDAQ:AKAM) had its price objective lowered by DA Davidson from $150.00 to $125.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the technology infrastructure company’s stock. DA Davidson‘s price target would indicate a potential upside of 50.77% from the company’s previous close.

Several other equities analysts also recently issued reports on AKAM. TD Cowen raised their price target on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, September 25th. Bank of America lifted their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 25th. KeyCorp reduced their price objective on shares of Akamai Technologies from $195.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley decreased their price objective on Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating for the company in a report on Monday. Finally, Citigroup lowered their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $138.64.

Akamai Technologies Trading Up 6.5%

Shares of Akamai Technologies stock traded up $5.07 on Friday, hitting $82.91. The stock had a trading volume of 7,733,222 shares, compared to its average volume of 4,725,435. The stock has a 50 day moving average of $102.11 and a 200 day moving average of $112.27. The firm has a market capitalization of $11.92 billion, a P/E ratio of 29.86, a PEG ratio of 4.05 and a beta of 0.65. Akamai Technologies has a twelve month low of $76.75 and a twelve month high of $165.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.67 by $0.10. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.86 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Sell-side analysts expect that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Mani Sundaram sold 7,022 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the transaction, the executive vice president owned 14,625 shares in the company, valued at approximately $1,837,192.50. The trade was a 32.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul C. Joseph sold 3,100 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president directly owned 28,472 shares in the company, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after acquiring an additional 349,451 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Akamai Technologies in the 2nd quarter worth about $222,046,000. Pictet Asset Management Holding SA lifted its stake in shares of Akamai Technologies by 3.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,731,292 shares of the technology infrastructure company’s stock valued at $184,215,000 after purchasing an additional 59,453 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at about $181,508,000. Finally, Legal & General Group Plc acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at about $159,564,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Key Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Akamai beat third-quarter EPS estimates with $1.77 per share versus $1.67 expected; revenue rose 6.4% year over year to $1.12 billion, roughly in line with estimates. The company cited demand for cybersecurity and cloud services. Akamai Q3 Earnings Beat Estimates on Security and Cloud Growth
• Positive Sentiment: The company highlighted an $11.6 billion Anthropic AI cloud deal and expects 2027 cloud infrastructure services revenue of $1.1 billion to $1.3 billion. Its 2026 EPS outlook of $6.47–$6.68 also exceeds the analyst consensus cited in the reports. AKAM Q3 Earnings Call Highlights AI Cloud Deals and 2027 Outlook
• Neutral Sentiment: KeyCorp and Susquehanna lowered their price targets, to $175 and $90, respectively, while maintaining “overweight” and “positive” ratings. The target cuts temper the otherwise constructive analyst stance. Susquehanna price target update
• Negative Sentiment: Near-term guidance appears to be the main pressure: Akamai’s fourth-quarter revenue outlook of $1.1–$1.2 billion is below the $1.2 billion consensus at the midpoint, and its EPS range has a $1.60 midpoint versus $1.63 expected. Deployment delays shift about $30 million of Anthropic-related revenue into 2027, while rising infrastructure costs are weighing on margins. Akamai anticipates CIS revenue of $1.1B-$1.3B in 2027 as Anthropic deal timing shifts $30M into 2027

About Akamai Technologies

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.